With total Revenues $360m, total assets $1.2bn και total profits $135m the three listed companies of Vafias Group, StealthGas, Imperial Petroleum & 3Cis recorded a dynamic activity during 2023.
Also, the group unstoppable continues with the purchases of dry cargo vessels and announces 2 more supramaxes purchased last month, the “AULAC VANGUARD” and the “AMIRA MIRO”, both of Japanese construction built in 2012.
In the last year, the group has bought 17 dry cargo ships and in particular eight capes, two kamsarmax, three handies and four supramax.
The most impressive fact is that all vessels are Japanese-built as the group has left China since 2010 when it built four aframaxes at New Times and one capesize at SWS.
Also, it must be reminded that of the five shipping companies in the group, four are without bank loans, while StealthGas has only 15% debt.
The group still has two newbuildings 11,000cbm VCM carriers each to take delivery from Japan in 2025 and 2026. While it has just taken delivery of the last of five 40,000cbm Ammonia carriers from Hyundai in Korea named “ECO ENCHANTED”.
Also, Vafias group supports the effort to revive the Greek shipbuilding industry and announces that it has already done more than twenty ship dockings in Chalkida and another three at ONEX in Syros.
After the last purchases the total tonnage of the group approaches 6m dwt.
ELNAVI Newsletter
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